Ukraine:
NBU Introduces Incentives To Support Prolongation Of LPN And Subordinated Debt Maturity
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By its Resolution No. 409, dated 23 June 2015, effective as of
24 June 2015, the National Bank of Ukraine (the "NBU")
has permitted payment to the foreign lenders of a single additional
fee (the "Additional Fee") for the prolongation of the
maturity of Ukrainian banks' subordinated loans and the loans
sourced with the proceeds of debt securities issued abroad and
listed in foreign stock exchanges as of the effective date of
Resolution No. 409. The Additional Fee can be charged without
including it in the calculation of the maximum interest rate
established by the NBU for cross-border loans and subordinated
debt.
According to Resolution No. 409, the Additional Fee can only be
charged if the loan term is extended for at least 2 years and may
not exceed 2 percent of the outstanding principal amount.
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To The Point: Financial Regulation | 03/2024
Schoenherr Attorneys at Law
Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.